Financial technology (fintech) has allowed for new market entrants in many areas of financial services, including small business lending. New fintech lenders often use alternative data sources and machine learning to assess the credit quality of small firms, thus complementing the traditional credit scores and soft information used by traditional banks.

Borrowell is one such leading Canadian company dedicated to making financial stability possible for everyone. The first to offer free credit scores, the company provides education, monitoring, innovative digital tools and personalized product recommendations to help people feel in control and optimistic about their financial future. With over one million members, Borrowell is one of largest fintech companies in Canada. Borrowell has created Canada's first AI-powered Credit Coach, Molly, who shares personalized tips that may help you understand and improve your credit. The company also has developed recommendation engine that analyzes your unique credit profile to make personalized financial product recommendations.

Borrowell has won numerous awards, including being named one of the top 100 fintech companies in the world by KPMG, ranking 4th on the Deloitte Technology Fast 50™ list of fastest growing companies in Canada, and making App Annie's list of Breakout Finance Apps for 2019.

Simplifying Financial Management with State-of the-Art Services

Free Credit Score in Canada: Your credit score can have a big impact on your financial future. Sign up for Borrowell to get your credit score and credit report for free! Join over two million Canadians and get the tools you need to help understand, manage, and master your credit - in less than three minutes. Checking your credit score with Borrowell won't hurt your score. Once you've signed up for Borrowell, you can download your Equifax credit report for free and check your credit score at any time without hurting it. Plus, you'll receive weekly updates on how your score has changed. Stay on top of your credit health with Borrowell.

Credit Builder: Borrowell helps you discover the best credit cards for you! A credit card allows you to borrow money from a financial institution to buy things. As long as you pay the money back within the month, you won’t be charged additional fees. Your payments will be reported to both credit bureaus which can help you qualify for lower interest rates and better offers on credit cards, mortgages, loans and more. Credit Builder is a $240 secured installment loan. Unlike a traditional cash loan, you don’t receive any money upon approval. As you make payments, they are reported to the credit bureaus. At the end of 36 months, your total savings of $240 will be directly deposited into your bank account. There is no hard credit check to apply.

Personal Loans: Sign up for Borrowell to get your free Equifax credit score and instantly find out your approval chances for all kinds of loans. Quickly compare the best personal loans in Canada and see your likelihood of approval in minutes. Borrowell works with over 50+ financial partners in Canada to find loans that match your profile. When you sign up for Borrowell to check your free credit score, you'll instantly see your approval chances for all kinds of loans in Canada. See tailored loan options that are available to you. Plus, keep track of your credit health on a weekly basis and get personalized tips to help you build your score and qualify for different offers in the future.

Mortgage: Your credit score plays a big part in your ability to get favorable mortgage rates. Whether you're a first-time home buyer or looking to refinance your existing loan, you can access your free credit report, get tips to help you improve your score and easily compare mortgages across Canada. You can quickly compare rates on a wide range of financial products and see your likelihood of approval based on your credit profile using Borrowell. If you're looking to get a new mortgage, refinance or reduce your monthly payments, you can explore options from personal loans, lines of credit, credit cards and debt consolidation. In addition to helping monitor and improve your credit, you can also get a variety of tools to help you gain more visibility and manage your finances. You can get access calculators, new features and fresh content monthly to help you understand mortgage topics, including pricing, deferrals and budgeting.

Insurance Services: In addition to helping people make great decisions about credit, Borrowell also recommends a range of insurance products to meet your needs. Compare insurance online with Borrowell. The company works with top brokers and providers to help you meet your home, auto, and other insurance needs. They combine technology and expertise to recommend products that are best suited to your financial profile. The firm also provides you with tips to help improve your credit score which can often help you qualify for lower rates and premiums. Borrowell offers an easy way to compare the best chequing and savings accounts available from top financial institutions. They combine technology and expertise to recommend products that are best suited to your financial profile. Its detailed information on account features and limited-time promotions will help you decide what account is right for you.

The Visionary Leader Upfront

Andrew Graham is co-founder and CEO of Borrowell. Andrew has a keen interest in public policy and previously worked in the federal government as a senior aide to two cabinet ministers. He is a former president of the Banff Forum and of the Canadian Club of Toronto.

Andrew holds an MBA from Harvard Business School and an MA in economics from the University of Edinburgh. He was named EY Entrepreneur of the Year (Emerging Entrepreneur category) for Ontario in 2019.

“With more than 2 million members, Borrowell is one of the largest fintech companies in Canada.”